$74 billion losses await US companies as Beijing opts for local software and chips | Top Vip News

[ad_1] Porcelain has taken the first official steps to completely break away from American software and hardware on its computers by promoting local alternatives. According to the Financial Times (FT), the new guidelines would “phase out” US microprocessors from “Intel and AMD” from government computers and servers and replace them with “homegrown solutions.” The new … Read more

White House Awards Intel $8.5 Billion in CHIPS Act Funding | Top Vip News

[ad_1] The White House announced Wednesday that it will provide Intel with $8.5 billion in financing. through the CHIPS Act. The cash injection, Intel says, will fund sites in locations including the massive complex the company is building in Ohio, plants in Arizona and New Mexico, and its research and development facilities in Oregon. The … Read more

OpenAI’s Sam Altman Seeks Billions to Fund AI Chips, Report Says | Technology news | Top Vip News

[ad_1] Altman has discussed “wildly ambitious” plans with investors, including the United Arab Emirates government, the WSJ says. OpenAI CEO Sam Altman is seeking to raise trillions of dollars from investors, including the United Arab Emirates government, to boost the world’s ability to produce advanced chips and boost artificial intelligence, The Wall Street Journal reported. … Read more